JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by CapWealth Advisors LLC

CapWealth Advisors LLC decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.4% during the first quarter, HoldingsChannel reports. The firm owned 65,789 shares of the financial services provider’s stock after selling 4,508 shares during the quarter. CapWealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $7,355,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of JPM. Norges Bank purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at $3,908,541,000. M&G Investment Management Ltd. purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth $310,039,000. Capital Research Global Investors lifted its position in JPMorgan Chase & Co. by 7.4% during the 4th quarter. Capital Research Global Investors now owns 27,661,131 shares of the financial services provider’s stock worth $3,855,962,000 after acquiring an additional 1,895,932 shares during the period. Capital World Investors grew its stake in JPMorgan Chase & Co. by 1.9% during the 4th quarter. Capital World Investors now owns 82,845,612 shares of the financial services provider’s stock valued at $11,548,674,000 after purchasing an additional 1,531,579 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of JPMorgan Chase & Co. by 88.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,281,438 shares of the financial services provider’s stock valued at $318,031,000 after purchasing an additional 1,072,935 shares during the period. 73.01% of the stock is owned by institutional investors and hedge funds.

NYSE:JPM opened at $89.47 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 52 week low of $76.91 and a 52 week high of $141.10. The stock’s 50-day moving average price is $91.61 and its 200-day moving average price is $118.08. The stock has a market capitalization of $274.75 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 3.51 and a beta of 1.20.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.70 by ($1.92). The business had revenue of $28.25 billion for the quarter, compared to analysts’ expectations of $29.45 billion. JPMorgan Chase & Co. had a return on equity of 12.52% and a net margin of 21.61%. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.65 EPS. Sell-side analysts expect that JPMorgan Chase & Co. will post 5.13 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be given a dividend of $0.90 per share. The ex-dividend date is Thursday, July 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.02%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 34.35%.

In related news, Director Stephen B. Burke acquired 75,000 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were acquired at an average cost of $87.99 per share, with a total value of $6,599,250.00. Following the completion of the acquisition, the director now directly owns 150,043 shares in the company, valued at approximately $13,202,283.57. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Ashley Bacon sold 13,027 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $91.12, for a total transaction of $1,187,020.24. Following the completion of the sale, the insider now owns 137,243 shares in the company, valued at approximately $12,505,582.16. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by company insiders.

A number of brokerages recently commented on JPM. DA Davidson upped their target price on JPMorgan Chase & Co. from $91.00 to $97.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Odeon Capital Group upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $105.75 price objective for the company in a research note on Wednesday. DZ Bank raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Friday, March 20th. Royal Bank of Canada set a $99.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Tuesday, April 14th. Finally, TheStreet downgraded shares of JPMorgan Chase & Co. from a “b-” rating to a “c” rating in a research report on Monday, May 11th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. JPMorgan Chase & Co. currently has an average rating of “Buy” and an average target price of $109.75.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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